Senior Financial Analyst - Toronto, ON

December 4 2024
Industries Consulting services
Categories Data Business Analyst,
Remote
Toronto, ON • Full time

123Dentist is Canada's largest majority dentist-owned network of dental practices, with almost 500 locations nationwide and nearly 8,000 employees. We offer professional advancement opportunities, competitive compensation, corporate sponsored incentive programs such as phantom stock option plan for full-time employees (a first of its kind in the Canadian dental industry), and a long-term career in a growing network located in multiple communities across the country, at all levels of the industry.

Whether you're entering the job market or you're an experienced practitioner, we welcome your interest! Come join the 123Dentist team and be part of our success. We provide Canadian dentists and dental practices with an array of non-clinical support and resources, including accounting, HR, marketing, as well as supply & equipment procurement.

By leveraging our unmatched management experience, marketing expertise and state-of-the-art technologies, we allow dentists to take advantage of a practical and effective alternative to practice ownership and focus on what they're best at - being a dentist!

We are recruiting for experienced Senior Financial Analyst to join our growing Finance team. This role will be based at our Downtown Toronto Head Office.

This is an on-site position.

Job Overview:

The Senior Financial Analyst will play a crucial role within the finance team, focusing on financial analysis and reporting while supporting business initiatives and building relationships with operational teams and partner dentists. This role is responsible for providing financial insights, supporting financial strategies, and contributing to the overall performance of business units. Reporting to the Manager, Business Reporting.

Key Responsibilities:

Strategic Financial Support:

  • Support the implementation of financial strategies aligned with the company's objectives for assigned regions/clinics.
  • Collaborate with finance and operations teams to assist in financial planning, forecasting, and budgeting processes.
  • Offer timely financial insights and recommendations to aid in business decisions.

Financial Analysis & Reporting:

  • Lead the analysis and reporting of financial performance for respective regions/clinics.
  • Prepare detailed financial reports for the operations team and FP&A team.
  • Analyze financial performance to identify key trends, risks, and opportunities.

Business Partnership:

  • Act as a key contact for operations and partners, addressing inquiries and providing financial support.
  • Provide financial guidance to Regional Managers, Directors, and partners.
  • Work with operations to understand their needs and develop financial solutions.
  • Assist in driving initiatives to enhance profitability and operational efficiency.
  • Support quarterly meetings to review financial results and discuss KPIs.
  • Help analyze financial data and support the implementation of improvement strategies.
  • Collaborate on the development and implementation of operational dashboards and KPIs.

General Accounting:

  • Assist with general accounting functions including accounts payable, accounts receivable, revenue, and bank reconciliations.
  • Aid in preparing and analyzing financial statements.
  • Help address and resolve accounting discrepancies and compliance issues.
  • Support inventory management and regular count processes.

Financial Planning & Forecasting:

  • Support the annual budgeting, forecasting, and long-term planning processes.
  • Assist in monitoring financial performance against plans and suggest corrective actions.

Cost Management & Efficiency:

  • Identify and support cost-saving opportunities and process improvements.
  • Help monitor and report on operational and capital expenditures.

Team Collaboration:

  • Contribute to a collaborative team environment and support team development.
  • Promote a culture of continuous improvement and professional development within the finance function.

Education, Credentials, Qualifications:

  • Bachelor's degree in finance, accounting, or a related field (MBA or CPA preferred)
  • 7+ years of related experience, with increasing levels of responsibility

Required Skills & Abilities:

  • Experience in multi site locations, and managing remote employees
  • Strong analytical, quantitative, and problem-solving skills with the ability to organize information, analyze large data sets and present in a clear manner
  • Proven experience in a senior finance role with a strong focus on strategic finance and client focused, anticipatory business partnering
  • Strong financial reporting and analytical skills
  • Excellent knowledge of financial and accounting principles, regulations, and practice
  • Exceptional communicator and excel at working with cross-functional teams to reach alignment in ambiguous situations
  • Strong business acumen with the ability to think strategically and contribute to the overall organizational goals
  • Strong leadership skills
  • Adaptability and ability to thrive in a dynamic, fast-paced environment
  • Strong ability to prioritize, delegate and handle large volume of requests / inquiries
  • Knowledge of MS Dynamics 365 Business Central and Power BI (asset)
  • Bilingual in French and English is an asset but not mandatory

What We are Offering:

  • Full-time permanent employment, competitive salary and great benefits package
  • A collaborative team that will support and train you, great office environment
  • Challenging and rewarding role that will develop your skillset and talent
  • Dynamic, fast-paced and growing company, with an entrepreneurial, 'can do' attitude

Why Join Us?
At 123Dentist, we value a diverse and inclusive workplace and offer a dynamic environment where you can make an impact on the total rewards experience for our team members across the country.

123Dentist is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

We thank all candidates for their interest; however, only those selected for an interview will be contacted.


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